Oaktree Specialty Lending (NASDAQ:OCSL) Announces Quarterly Earnings Results

Oaktree Specialty Lending (NASDAQ:OCSL) announced its earnings results on Tuesday. The credit services provider reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54, Zacks reports. Oaktree Specialty Lending had a net margin of 15.17% and a return on equity of 11.91%.

Oaktree Specialty Lending Trading Down 0.3 %

Shares of NASDAQ:OCSL opened at $15.95 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.31 billion, a PE ratio of 22.15 and a beta of 1.08. Oaktree Specialty Lending has a 12-month low of $14.89 and a 12-month high of $20.43. The business’s fifty day simple moving average is $15.64 and its 200-day simple moving average is $16.21.

Oaktree Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a yield of 13.79%. Oaktree Specialty Lending’s dividend payout ratio is currently 305.56%.

Analyst Ratings Changes

OCSL has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their target price on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. B. Riley lowered shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price objective for the company. in a report on Wednesday, December 11th. JMP Securities downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. Citizens Jmp downgraded shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Oaktree Specialty Lending currently has a consensus rating of “Hold” and an average target price of $16.75.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.